On the re-opening of SLPP Office … “We would never encourage violence” John Benjamin...

News in the ‘Business & Finance’ Category

Sierra Leone Bussiness: Salone classified as ‘high risk’ of debt distress

Monday, December 3rd, 2018
Sierra Leone Bussiness: Salone classified as ‘high risk’ of debt distress

The International Monetary Fund (IMF) Press Release No. 18/446, has revealed that Sierra Leone’s domestic and external debt levels have been high for some time, in part reflecting past borrowing to address the infrastructure deficit. “The recent fiscal slippages and weaker output growth have added to this challenge, and Sierra Leone is now classified as being[…]

Sierra Leone Bussiness: Palm fruits digester designed

Monday, December 3rd, 2018
Sierra Leone Bussiness: Palm fruits digester designed

The Palm Fruits Digester is a machine that crushes, digests or macerates the fruits after they have been steamed or boiled, it was designed by FINIC. The machine does not only crush the fruits but also washes the resulting mash and separates the nuts and chaff or fiber from the palm butter containing the oil.[…]

Sierra Leone Bussiness: Guaranty Trust wins Best Bank in Sierra Leone 2018

Monday, December 3rd, 2018
Sierra Leone Bussiness: Guaranty Trust wins Best Bank in Sierra Leone 2018

Guaranty Trust Bank Sierra Leone has won the Bankers awards for the best bank in Sierra Leone 2018. The Bankers is a well respected group World Wide who gives out awards every year based on its assessment of several categories of banking. This year goes to Guaranty Trust Bank Sierra Leone as the best bank[…]

Sierra Leone Bussiness: BSL to go after Forex street traders

Monday, December 3rd, 2018
Sierra Leone Bussiness: BSL to go after Forex street traders

The issue of dollarization is said to be thorn in the economy and the Bank of Sierra Leone (BSL) and its Governor has issued a stern warning to people dealing in the informal sector to desist or the law will be used against them. Speaking during the Bankers Economic Forum recently bank Governor Kelfala Kallon noted[…]

Sierra Leone Bussiness: Startup- Business How To Invest In Bitcoin Business (Part 2)

Monday, December 3rd, 2018

4). Bitcoin Exchange: Bitcoin exchanges are increasingly popular as they’re platforms that people signup on to buy and sell bitcoins to each other. The bitcoin exchange may collect a commission on every transaction that happens or may even charge a monthly subscription fee to use them without charging users on transactions they carry out on[…]

Sierra Leone Bussiness: NIDO organises second business award

Monday, December 3rd, 2018

The Managing Director of Sea Coach Express Olusegun Jaji, on Friday 30 November 2018, was awarded business man of the year 2018, by the Nigerian in the Diaspora Organisation (NIDO) during the second edition of the Nigerian and Business Special Recognition awards at Bintumani Hotel. Olusegun Jaji is the owner of the water transportation company sea[…]

Sierra Leone Bussiness: MCH week cost Le2.4billion

Monday, December 3rd, 2018

As the Ministry of health and it partners ended the maternal and child health week’ across seven districts, the Deputy Directorate of Food and Nutrition in the Ministry of Health Solade Pyne Bailey has said that the entire process cost 2.346 billion Leones. The maternal child health week targeted close to a million under -5[…]

Sierra Leone Bussiness: IMF approves US$172.1m arrangement under ECF

Monday, December 3rd, 2018

The Executive Board of the International Monetary Fund (IMF) has on Friday 30 November 2018, approved a new 43 months arrangement for Sierra Leone under the Extended Credit Facility (ECF) for SDR124.44 million (about US$172.1 million), equivalent to 60 percent of Sierra Leone’s quota in the IMF, to support the country’s economic and financial reforms. Sierra[…]

Sierra Leone Bussiness: Who Owns Rokel Commercial Bank?

Monday, December 3rd, 2018

During the difficult period of the rebel war many did not see any future in business in Sierra Leone. As such many established businesses opted out and left the country. One such group was the Barclays group who agreed to be paid a symbolical One Leone as purchase fee for the Bank. Rokel Commercial Bank was[…]

Sierra Leone Business: Mobile technology is the pathway to financial inclusion –Bank Governor

Monday, November 26th, 2018
Sierra Leone Business: Mobile technology is the pathway to financial inclusion –Bank Governor

The Governor of the Bank of Sierra Leone (BSL) Kelfala M. Kallon has told Commercial bankers that they have no option but to agree with him that financial inclusion is moving from the formal sector, through mobile phone technology into the informal sector, even in the rural areas. Financial institutions should start thinking about the[…]